Galaxy Digital Holdings Agrees to 15-Year Lease Agreement with CoreWeave -- Market Talk

Dow Jones

Mar 28, 2025

09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

March 28, 2025 09:50 ET (13:50 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2522570092"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522570092\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522570092?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-28 21:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522570092","market":"us","top_or_hot":-1,"title":"Galaxy Digital Holdings Agrees to 15-Year Lease Agreement with CoreWeave -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 28, 2025 09:50 ET (13:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Galaxy Digital Holdings Agrees to 15-Year Lease Agreement with CoreWeave -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGalaxy Digital Holdings Agrees to 15-Year Lease Agreement with CoreWeave -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-28 21:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 28, 2025 09:50 ET (13:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRWV","symbol_name":"CoreWeave, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522570092","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522570092","pubTimestamp":1743169800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRWV":"CoreWeave, Inc."},"translate_title":"Galaxy Digital Holdings同意与CoreWeave签订为期15年的租赁协议——Market Talk","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRWV":1},"content_text":"09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 28, 2025 09:50 ET (13:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}